NEWS

According to a report on Thursday by state-owned investment bank China International Capital Corp (CICC), about 5 per cent of the country’s AI server demand will be generated from industries that produce sensitive information including government, finance, public services and healthcare. These sectors are expected to adopt the DeepSeek-powered AI machines, lifting total 2025 sales […]

A decade after launching the Ethereum blockchain, co-founder Gavin Wood is maintaining his vision for a Web3 beyond cryptocurrency and creating a truly decentralised internet alive through Polkadot. At the Polkadot Jam Tour, during which Wood met Polkadot blockchain developers around the world and spoke of his vision for updates to the protocol, the Web3

The growing strength of stablecoins as a bridge between Web3 and traditional finance could give an edge to markets like Hong Kong, which has its currency pegged to the US dollar (USD), but the Asian financial hub still faces challenges in attracting major blockchain businesses. The Hong Kong dollar’s peg to the US currency is

Tesla continued to lose market share on the mainland to its Chinese rivals in February, as sales plunged more than 50 per cent. The US carmaker delivered 30,688 Shanghai-made Model 3 and Model Y electric vehicles (EVs) to buyers last month, a decline of 51.5 per cent from January and 49.2 per cent from a

Xiaomi is reluctant to change a working formula. In February last year, its well-rounded Xiaomi 14 compact flagship got favourable reviews. So perhaps it’s no surprise that when you first pick up the new Xiaomi 15, officially launched in Barcelona, Spain, on March 2 you think you’re holding last year’s phone. Design and hardware The

An insider account being billed as an “explosive dispatch” about “seven critical years” at Facebook/ Meta will be published next week. Careless People is scheduled to appear on March 11. The memoir is written by Meta’s former director of global public policy, Sarah Wynn-Williams, who left what was then Facebook in 2018. “Careless People takes

General-purpose artificial intelligence (AI) agent Manus, which was developed by a Chinese team, faces doubts about its technological capabilities, as very few people were able to test the product owing to an apparent shortage of server capacity after a surge in popularity. While Manus has gained attention for its claimed ability to handle complex tasks,

In the first two months of the year, nearly 2 billion yuan (US$276 million) in new funding went to humanoid robot developers across 20 deals, up from 1.2 billion yuan generated from 4 transactions a year earlier, according to data from ITJuzi, which tracks China’s venture-capital market. China is also home to 45 per cent

When Bonnie Chan Yiting was in Davos six weeks ago for the World Economic Forum’s (WEF) annual confab, the Swiss ski resort was abuzz with a groundbreaking app that a little-known artificial intelligence (AI) start-up had released half a world away in China. Hangzhou-based DeepSeek rolled out its namesake app on January 20, providing its

The Trump administration is weighing a ban on Chinese AI chatbot DeepSeek from US government devices over national security concerns, a person familiar with the matter said on Friday. US officials are worried about DeepSeek’s handling of user data, which the company says it stores in servers located in China, according to The Wall Street